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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Total revenues $ 117,435 $ 94,391
Operating expenses:    
Voyage expenses 37,200 37,435
Vessel operating expenses 25,932 24,393
Charter hire expenses 3,510 3,664
General and administrative expenses (inclusive of nonvested stock amortization expense of $1,382 and $1,559, respectively) 7,664 7,750
Technical management expenses 1,031 762
Depreciation and amortization 17,223 15,944
Loss on sale of vessels 978  
Other operating expense 1,804  
Total operating expenses 95,342 89,948
Operating income 22,093 4,443
Other income (expense):    
Other income (expense) 66 (324)
Interest income 824 770
Interest expense (4,040) (2,029)
Other expense, net (3,150) (1,583)
Net income 18,943 2,860
Less: Net income attributable to noncontrolling interest 145 226
Net income attributable to Genco Shipping & Trading Limited $ 18,798 $ 2,634
Earnings per share-basic $ 0.44 $ 0.06
Earnings per share-diluted $ 0.43 $ 0.06
Weighted average common shares outstanding-basic 42,918,248 42,632,059
Weighted average common shares outstanding-diluted 43,606,580 43,097,362
Voyage revenues    
Revenues:    
Total revenues $ 117,435 $ 94,391